In The News Today – February 23, 2015

West Virginia Senate President Bill Cole is betting that tort reforms will lead to economic growth in Southern W. Va. “The tort reform we’ve offered up and will continue to offer, makes West Virginia a much more friendly place, where we can have courtrooms with predictable outcomes, fair to both sides, but with predictable outcomes.” (Register-Herald)

Republican SEC commissioner Michael Piwowar noted that to avoid “arbitrary and capricious” decisions, the SEC must explain its increased use of administrative courts. (Law360)

The SEC is examining its use of ‘bad actor’ waivers under pressure from Democratic members of the agency. The waivers are critical to shielding companies from duplicative enforcement actions. (Law360)